Equivalent employees means the number of employees computed by dividing the total hours paid in a year by the product of forty times the number of weeks in a year.

Terms Used In Nebraska Statutes 77-5517

  • Equivalent employees: means the number of employees computed by dividing the total hours paid in a year by the product of forty times the number of weeks in a year. See Nebraska Statutes 77-5517
  • Year: means the taxable year of the company. See Nebraska Statutes 77-5530